CORRESPONDENCE
\ \
'4.~!L
~ b
.., '"
Y<J,r :<;-f-..
BEACH C&
THE SCHOOL BOARD
OF PALM BEACH COUNTY, FLORIDA
3323 BELVEDERE ROAD
P,O, BOX 24690
WEST PALM BEACH, FL 33416-4690
305-684-5000
THOMAS J, MILLS
SUPERINTENDENT
OF SCHOOLS
October 14, 1987
HAND
DELIVERED
Carmen Annunziato, Director of Planning
City of Boynton Beach
200 No. Seacrest Blvd.
Boynton BeRch, FL 33425-0310
Dear Mr. Annunziato:
RE: APPRAISALS: 17.72 ACRE VACANT RESIDENTIAL SITE
HYPOLUXO ROAD - BOYNTON BEACH, FLORIDA
The present owners of the above referenced property have requested that I
give you copies of the appraisals obtained by the School Board of Palm
Beach County, today.
Attached please find the "conclusion page" from each appraisal. If you
require further information, please contact me at 684-5146.
Sincerely,
t[~!!~7
Real Estate Acquisition Coordinator
Department of Facilities Planning
RS:dg
Attachments
WP3/ES/SITE.QE
I
I
I
I
.~THUR J. ST, JOHN, SRPA
513 U.S. HIGHWAY NO. I
NORTH PALM BEACH, FLORIDA 33408
PHONE (301S) 844-0'73
September 29, 1987
I
I
I
I
I
I
I
I
,
I
I
I
Mr. Robert Skakandy
Real Estate Acquisition Coordinator
Department of Facilities Planning
School Board of Palm Beach County
3323 Belvedere Road
West Palm Beach, Florida 33402
RE: 17.72+/- Acre Vacant
Residential Site
South side of Hypoluxo Rd.
900 Feet West of Meadows Way
Boynton Beach, Florida
Dear Mr. Skakandy,
In accordance with your request, I have appraised the
above described real estate. The conclusions I have reached
are presented in the followin~ report.
I have used the Direct Sales Comparison Analysis to
estimate the value of the vacant site.
It is my opinion that the market value of the fee simple
title to the subject property based on a cash transaction or
transaction with cash equivalent terms as of September 14,
1987 is:
85 Possible Dwelling Units Under the Existing
Long Range Use Plan at $11,000 per Dwelling Unit is:
NINE HUNDRED THIRTY FIVE THOUSAND DOLLARS
($52,825 PER ACRE)
A
.,
i
...
~
I
!
.,j
~
-
...,
1
..,
j
']
]
]
]
]
]
R, B. PANTING. M,A.I.. S.R.P.A.. VICE.PRES.
N. I. ORR. M.A.l., PRESIDENT
ANDERSON & CARR, INC.
>C><>C><>C:::><>C><>C>Ct<::>()CI()CI()C>o()C)(>C>C>C>ClC:><'C'()C><>< Rea /tOl'j . --4ppl'aiJel'j ><lC>C lCl<>C>CtC><>C>ClCl<>C>C)CI(lCl<lCl<tC><tC><tC><)CI(>c:>(
SALES _ LEASES. PROPERTY MANAGEMENT - APPRAISALS
POST OFFICE BOX 550
521 SOUTH OLIVE A VENUE
WEST PALM BEACH. FLORIDA 33402
Telephone 833.1661
October 13, 1987
The School Board of Palm
Department of Facilities
3323 Belvedere Road
West Palm Beach, Florida
Beach County
Planning
33416-4690
Attention: Mr. Robert Skakandy
Real Estate Acquisition Coordinator
Gentlemen:
Pursuant to your request, I have personally examined and
Appraised the Subject Property, Being a vacant 17.72 acre
parcel of land located on the south side of Hypoluxo Rd.
approximately 1/2 mile west of Congress Avenue, in Boynton
Beach, Florida, being known as "The Lakes of Hypoluxo", for
the purpose of reporting to you my opinion of its market
value, as of September 16, 1987.
Based on an examination and study made, I have formed the
opinion that on the date mentioned, the Subject Property
had a Market Value, of:
$1,000,000.00
ONE MILLION DOLLARS
The following report presents a review of the Appraisal
and my analysis of the data, along with other materials
on which the estimate of value was predicated.
Respec u fy;submitted,
,/f; .;
/ ..~r~ . rr, MAI
I;PC" alser()
. ~j1 '- t ~ - Y1'\-,--
. J,bhn H. Irwin
Staff Appraiser
I ~
,/
NJO/JHI/sab
~ ~MOUNr
E .GINEERING GROUP
2i breeze Avenue. Suite 200. Delroy Beach, Florida 33483/ (305) 278-8111
\
-^, '
G480dOl>
--
Mr. Tom ClarK
City Engineer
City of. Boynton Beach
RE: LAKES OF HYPOLUXO
Dear Mr. ClarKI
Engineers. Architects. Planners. Surveyors
,~~
J ~.\V
.r""'" "0, ~.~
,-: ft;.. ~ \~".J-u
October 5, 1987
1;', \~<o\
('t~ ~ ~ .
.,p v~?h ;
~~~\\\'~\\\.0. ,.. . , " "'\
,. ,......,
We are distributing todaYI to the departments listed belowl
one set of the revised plans for the subject project. These
plans have been revised in accord with comments which were
recei'ved by this office on October 2, 1987. Unfortunately,
the commentsl which were from the September meeting of the
Technical Review Boardl were not forwarded to this office
in total previously. In order to allow the TRB to forward
the preliminary plat to the planning and zoning board we
have addressed as many of the comments as possible and are
distributing the plans as noted above.
We 5 i ncere 1 y hope that the effort made will Qe ,~Y,.ff lc ient
to satisfy all of the questions raised. If hpweverl there
arc any additional questionsl we are requesting that we
be allowed to resolve them as part of the preliminary and
final plat process.
cc. Pete Mazzela-Utilities
Don Jaeger-Building
Kevin Hallahan-Forestry
.w L
: "
GROUP